J. Dennis Hastert, the longest serving Republican speaker in the U.S. House, was indicted by a federal grand jury on charges that he violated banking laws in a bid to pay $3.5 million because of “past misconduct” against an unnamed individual from their hometown west of Chicago.
Hastert, 73, who has been a high-paid lobbyist in Washington since his 2007 retirement, schemed to mask more than $950,000 in withdrawals from various accounts that violated federal banking laws that require disclosure of large cash transactions, according to a seven-page indictment delivered by a grand jury in Chicago.
The indictment did not spell out the exact nature of the “prior misconduct” by Hastert against the individual from his hometown, Yorkville, but noted that before entering politics in 1981, Hastert spent more than a decade as a teacher and wrestling coach at the local high school. The unnamed individual has known Hastert for most of that person’s life, the indictment states…
Oops! Sounds like Republican family values strikes again.
The indictment, filed in the U.S. District Court for the Eastern Division of the Northern District of Illinois, also alleges that Hastert lied to FBI agents last December when asked about the withdrawals.
Prosecutors said that in 2010, when the unnamed individual confronted Hastert about the allegations of misconduct, the former speaker agreed to pay out $3.5 million “to compensate for and conceal his prior misconduct against” this person.
Over the next five years Hastert withdrew about $1.7 million in cash from his various bank accounts, at one point last year delivering $100,000 at a time to the person, the indictment alleges.
Beginning in 2013, the FBI and Internal Revenue Service began investigating “possible structuring of currency transactions to avoid the reporting requirements.” Hastert had made more than a dozen withdrawals of $50,000 in cash, which was provided to the unnamed individual every six weeks, the indictment said.
After bank representatives questioned him about the withdrawals, he began taking out less than $10,000 at a time, providing it to the unnamed person at set locations and times, prosecutors say. When Hastert was asked about the withdrawals, the indictment states that he told agents: “I kept the cash.”
However, the indictment states that this is a lie, and Hastert was trying to keep his agreement to pay the unnamed person “secret so as to cover up his past misconduct.”
I’ll never excuse Democrats or Independents for committing the same crimes a number of Republicans have been found guilty of. The crusher is that Republicans present themselves, time after time, as the holy standard for honesty and upright behavior. And that’s just pure hypocrite hogwash.
One again, part of the holier-than-thou crowd, one of the whiners who is paid to campaign against change and progress, gets caught breaking the law.